Crown Holdings: Big Profits in the Can

Seinfeld characters Kramer and Newman once famously attempted to drive a truck full of bottles and cans to Michigan for the state's generous 10-cent rebate, but there's an easier way to profit from packaging: Buy the manufacturer.

Crown Holdings (ticker: CCK) is the world's largest food and aerosol can producer and third-largest beverage can maker. Its containers range from extra virgin olive oil to Anti-Hero IPA to cake tins for the Royal Wedding. It boasts steady and growing earnings, an enviable geographic footprint,...